The Graveyard › Banks › 1993
First Western Bank, N.A.
San Diego, CA · failed April 15, 1993 · FDIC certificate 24676
First Western Bank, N.A. of San Diego, CA failed on April 15, 1993. It opened on August 29, 1983, 9 years before. At its last report before that it held $16.2 million in assets and $15.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $37.7 million. The FDIC estimates that the Bank Insurance Fund lost $3.1 million on it.
1984-031992-12
Assets at the end$16.2 millionlast report before April 15, 1993
Deposits at the end$15.3 million
Estimated loss to the fund$3.1 millionBIF
Largest in the quarterly reports$37.7 millionSeptember 30, 1988
Equity to assets1.3%December 31, 1992
Loans not being repaid8.5%noncurrent, December 31, 1992
Return on assets-2.88%a year's rate, December 31, 1992
Staff23full time, December 31, 1992
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.